Regional Opportunity Initiatives Inc
- Assets
- $9.2m
- Revenue
- $224.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Bloomington, IN
- Founding
- 11/2015
- Data as of
- 06/2022
- EIN
- 47-4832157
Organization Overview
Regional Opportunity Initiatives Inc is located in Bloomington, IN. The organization was established in 2015. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Regional Opportunity Initiatives Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Opportunity Initiatives Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Regional Opportunity Initiatives Inc generated $224.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (44.0%) each year. All expenses for the organization totaled $3.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Regional Opportunity Initiatives Inc has awarded 117 individual grants totaling $10,405,205. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO SUPPORT REGIONAL DEVELOPMENT OPPORTUNITIES IN THE 11 COUNTIES OF SOUTHWEST CENTRAL INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH AN INITIAL GRANT THROUGH LILLY ENDOWMENT INC., THE ORGANIZATION IS IMPLEMENTING AN EDUCATION AND WORKFORCE PLAN AND REGIONAL OPPORTUNITY FUND FOR QUALITY-OF-PLACE INVESTMENTS. THEY ARE DEPLOYING A PLAN FOCUSED ON CONNECTING EDUCATION TO INDUSTRY AND CREATING A LOCAL WORKFORCE THAT IS PREPARED FOR THE DEMANDS OF EMPLOYERS. AS PART OF THIS EFFORT, ROI IS CONDUCTING A COMPREHENSIVE AND ONGOING OCCUPATIONAL NEEDS ASSESSMENT WITHIN THE REGION, INITIALLY FOCUSED ON LIFE SCIENCES, ADVANCED MANUFACTURING AND NATIONAL SECURITY AND DEFENSE SECTORS. THE RESULTS OF THE OCCUPATIONAL NEEDS ASSESSMENT HELPS INFORM A WIDE RANGE OF INITIATIVES AND STRATEGIES THAT ARE DEPLOYED ACROSS THE 11 COUNTY REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Kellams Chair | OfficerTrustee | 2 | $0 |
Thomas Morrison Treasurer | OfficerTrustee | 2 | $0 |
Tina Peterson Director | Officer | 10 | $0 |
Jim Allen Director | Trustee | 2 | $0 |
Chuck Johnson Director | Trustee | 2 | $0 |
Pam Loughmiller Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Devx Llc Contracted Service | 6/29/20 | $234,999 |
Teconomy Partners Llc Contracted Service | 6/29/20 | $290,000 |
Teconomy Partners Llc Contracted Service | 6/29/20 | $290,000 |
Devx Llc Contracted Service | 6/29/20 | $234,999 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $196,230 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,030 |
| Total Program Service Revenue | $0 |
| Investment income | $14,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $224,895 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,139,029 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $632,743 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,474 |
| Payroll taxes | $41,690 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,515 |
| Fees for services: Other | $16,361 |
| Advertising and promotion | $0 |
| Office expenses | $7,174 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,706 |
| Travel | $6,004 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,073 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,378 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,062,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,729,112 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,642 |
| Net Land, buildings, and equipment | $5,053 |
| Investments—publicly traded securities | $7,511,039 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,246,846 |
| Accounts payable and accrued expenses | $53,505 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $44,563 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $98,068 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $9,148,778 |
| Total liabilities and net assets/fund balances | $9,246,846 |
Grants Awarded
Over the last fiscal year, Regional Opportunity Initiatives Inc has awarded $2,134,029 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
MONROE COUNTY COMMUNITY SCHOOLS PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $333,685 |
BROWN COUNTY SCHOOL CORPORATION PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $310,177 |
CITY OF SALEM PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $213,223 |
Salem, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $166,962 |
NORTHEAST DUBOIS COUNTY SCHOOL CORPORATION PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $144,738 |
MITCHELL COMMUNITY SCHOOLS PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $132,553 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Regional Opportunity Initiatives Inc has recieved totaling $57,500.
| Awarding Organization | Amount |
|---|---|
Cicp Foundation Inc Indianapolis, IN PURPOSE: TO ADVANCE ASEND INDIANA'S YOUTH APPRENTICESHIP PROJECT | $57,500 |
Endowment Analysis
| Net Contributions | $50,000 |
| Other Expense | $5,437 |
| Ending Balance | $44,563 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |
Community Foundation For The Land Of Lincoln Inc Springfield, IL | $62,800,465 | $16,636,147 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Chicago Cubs Charities Chicago, IL | $11,765,252 | $2,315,259 |
Delta Dental Of Illinois Foundation Naperville, IL | $25,024,389 | $3,455,775 |